Key Takeaways Shares of Uber and Lyft jumped on Friday after Tesla's introduction to its new robotaxi failed to live up to ridesharing investors' fears.Analysts noted Tesla's much-anticipated event was light on details about the rollout of a ridesharing app that would compete with Uber or Lyft,

Tesla’s Robotaxi event should raise the profile of self-driving technology. That can benefit shares of other companies investing in or adopting robotaxis. Uber is one of those potential beneficiaries,

JP Morgan Chase popped 5% after surpassing profit and revenue expectations, while Wells Fargo jumped almost 6% on better-than-expected profit. Nvidia traded flat at $135. AMD gained 3% after introducing new chips.

Major U.S. indexes climbed to fresh highs Friday after strong earnings reports from big banks and a lower-than-expected reading on wholesale inflation.

Tesla stock falls after its robotaxi event late Thursday, while earnings from JPMorgan Chase and Wells Fargo top analysts’ estimates.